This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Budget ConstraintsSuppose that Margaret has $30 per week to spend on cheese and crackers. The price ... (Read 81 times)

Austinleez3

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022
Budget Constraints

Suppose that Margaret has $30 per week to spend on cheese and crackers. The price of a pound of cheese is $1 and the price of a box of crackers is $5.
What is the opportunity cost of a box of crackers in terms of cheese? Please round your final answer to two decimal places.
Given Margaret's budget, what is the maximum amount of cheese she can purchase?  Crackers?
◦ 0.20 pound of cheese,6 pounds of cheese, 30 boxes of crackers
◦ 5.00 pound of cheese, 30 pounds of cheese, 6 boxes of crackers
◦ 5.00 pound of cheese, 6 pounds of cheese, 30 boxes of crackers
◦ 0.20 pound of cheese, 30 pounds of cheese, 6 boxes of crackers
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Austinleez3 on Nov 23, 2022

feiojef

  • Full Member
  • ***
  • Posts: 172
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


Austinleez3

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

five week embryo five week embryo
Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week. Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week.
The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ... The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ...
Seven-week embryo showing development of arm, forearm, and hand Seven-week embryo showing development of arm, forearm, and hand
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Role of transport in a cell

For a complete list of videos, visit our video library